The Praedium Group and McDowell Properties purchase a 200-unit community; HFF refinances a seniors housing community in California; and Madison Realty Capital completes a $21.5 million note and deed purchase for a Brooklyn property.

Texas Woman’s University’s project will house up to 875 students and will feature approximately 30,000 square feet of dining space, beside classrooms, fitness center, exploratory learning and recreation space.

Solid fundamentals and above-trend employment growth spur demand for multifamily product across the metro, leading to significant rent increases. Transaction volume is also robust, while deliveries are expected to hit a cycle peak by the end of the year.